3,230 Shares in Huron Consulting Group Inc. $HURN Purchased by Entropy Technologies LP

Key Points

• Entropy Technologies LP has invested approximately $463,000 by purchasing 3,230 shares in Huron Consulting Group Inc. during the first quarter.
• Huron Consulting Group has received a consensus rating of "Moderate Buy" from analysts, with a target price of $171.50.
• Insider trading activity includes significant sales by directors, with a total of 4,708 shares sold in the last 90 days valued at approximately $633,121.

Entropy Technologies LP acquired a new position in shares of Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,230 shares of the business services provider's stock, valued at approximately $463,000.

A number of other large investors also recently added to or reduced their stakes in HURN. Summit Investment Advisors Inc. raised its position in shares of Huron Consulting Group by 5.5% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,838 shares of the business services provider's stock valued at $228,000 after buying an additional 96 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Huron Consulting Group by 3.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,039 shares of the business services provider's stock worth $502,000 after buying an additional 121 shares during the period. Tower Research Capital LLC TRC boosted its stake in Huron Consulting Group by 27.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 569 shares of the business services provider's stock worth $71,000 after buying an additional 122 shares during the period. CWM LLC boosted its stake in shares of Huron Consulting Group by 55.9% in the first quarter. CWM LLC now owns 407 shares of the business services provider's stock valued at $58,000 after purchasing an additional 146 shares during the period. Finally, Nisa Investment Advisors LLC boosted its stake in shares of Huron Consulting Group by 15.6% in the first quarter. Nisa Investment Advisors LLC now owns 1,094 shares of the business services provider's stock valued at $157,000 after purchasing an additional 148 shares during the period. 93.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Huron Consulting Group

In other Huron Consulting Group news, insider Kyle Featherstone sold 375 shares of the business's stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $135.73, for a total transaction of $50,898.75. Following the sale, the insider directly owned 1,311 shares in the company, valued at approximately $177,942.03. The trade was a 22.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John Mccartney sold 500 shares of the business's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $129.11, for a total transaction of $64,555.00. Following the sale, the director owned 51,317 shares in the company, valued at $6,625,537.87. The trade was a 0.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,379 shares of company stock worth $724,092. 2.15% of the stock is currently owned by insiders.

Huron Consulting Group Stock Performance

NASDAQ:HURN traded up $0.65 during midday trading on Monday, reaching $133.82. The stock had a trading volume of 35,545 shares, compared to its average volume of 204,111. The firm has a fifty day simple moving average of $133.80 and a two-hundred day simple moving average of $138.74. Huron Consulting Group Inc. has a 12-month low of $102.58 and a 12-month high of $155.00. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 1.35. The stock has a market cap of $2.32 billion, a P/E ratio of 23.39 and a beta of 0.26.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The business services provider reported $1.89 earnings per share for the quarter, beating analysts' consensus estimates of $1.79 by $0.10. The firm had revenue of $402.50 million for the quarter, compared to analyst estimates of $402.67 million. Huron Consulting Group had a net margin of 6.60% and a return on equity of 25.52%. Huron Consulting Group's quarterly revenue was up 8.3% on a year-over-year basis. During the same period last year, the firm posted $1.68 EPS. On average, equities analysts expect that Huron Consulting Group Inc. will post 6.1 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on HURN. Barrington Research raised their price objective on shares of Huron Consulting Group from $173.00 to $176.00 and gave the company an "outperform" rating in a research note on Thursday, August 7th. Wall Street Zen cut shares of Huron Consulting Group from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $171.50.

Huron Consulting Group Profile

Huron Consulting Group Inc, a professional services firm, provides consultancy services in the United States and internationally. It operates through three segments: Healthcare, Education, and Commercial. The Healthcare segment provides financial and operational performance improvement consulting services; digital offerings, spanning technology and analytic-related services; software products; organizational transformation services; revenue cycle managed and outsourcing services; financial and capital advisory consulting services; and strategy and innovation consulting services to national and regional health systems, academic and community health systems, federal health system, public, children's and critical access hospitals, physician practices and medical groups, payors, and long-term care or post-acute providers.